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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
Some observers say Kellyâs pay package is notable because Liberty Mutual was founded in 1912 as a mutual insurance company owned by its customers, rather than by shareholders-a tradition it says continues. Any extra money it earns is supposed to go back to policyholders, not executives.